วันอาทิตย์ที่ 30 สิงหาคม พ.ศ. 2558

www.SpotLoan.com



Many payday loan consumers live in fear everyday because of unpaid payday loans.  The reason why is payday lenders sometimes threaten customers to pay back their payday loan debt within a short deadline or they could face serious consequences if they do not come up with the money on time.
We have heard several threats and here are some of the most commonly used ones:
1.               We will sue you for check fraud.
2.               We will have someone arrest you.
3.               We will make sure you go to jail.
Are these true?  Can a payday lender really sue, arrest, or put you in jail for a payday loan?  The answer is no.  Defaulting on a payday loan is not a crime and cannot result in criminal charges.  This means that you cannot be prosecuted, arrested, or put in jail check fraud, breach of contract, or anything else that your payday lender might threaten you with.
Making false threats to collect on a debt is illegal in every state.  If your payday lender has threatened you with the statements above, or something similar, it is likely that your payday lender is conducting business illegally and is unlicensed.  This is usually the case if you received your payday loan from a company online.  90% of internet payday lenders are unlicensed, which means that they do not have the legal ability to take civil action against you.  For this reason, they threaten customers into paying them because they know that if they are not successful on collecting the debt themselves, then there is no other way for them to get their money back.  They also cannot take you to court if  you live in a state where payday lending is prohibited.  The states in which payday lending is not allowed are:
  • Connecticut
  • Georgia
  • Maine
  • Maryland
  • Massachusetts
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Vermont
  • Washington DC
  • West Virginia
Storefront payday lenders are a different case.  Storefront payday lenders are legal and licensed, which means that they can file a civil lawsuit against you.  
The purpose of a civil lawsuit is to simply obtain a judgment for a wage garnishment so that they can be repaid.
To avoid civil action, you need to keep communication lines open between you and your licensed payday lender.  Taking you to small claims court for a payday loan is the last thing that your payday lenders want to do.  Suing you will take a lot of paperwork, money, and time out of your payday lender.  The only reason your payday lender will resort to civil action is if they are hopeless about getting their money back.  The best thing for you to do is to talk to them about your situation and try to work out an arrangement that you can both agree on so that you can both avoid the legal battle.

ไม่มีความคิดเห็น:

แสดงความคิดเห็น